ONEOK (OKE) : Visionary Asset Management added new position in ONEOK during the most recent quarter end. The investment management firm now holds 91,028 shares of ONEOK which is valued at $2,882,857 , the company said in a statement filed on Apr 14, 2016 with the SEC.ONEOK makes up approximately 1.01% of Visionary Asset Management’s portfolio.
ONEOK opened for trading at $30.57 and hit $32.81 on the upside on Monday, eventually ending the session at $32.16, with a gain of 1.55% or 0.49 points. The heightened volatility saw the trading volume jump to 32,80,072 shares. Company has a market cap of $6,753 M.
Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in OKE in the latest quarter, The investment management firm added 5,016 additional shares and now holds a total of 44,847 shares of ONEOK which is valued at $1,420,304. ONEOK makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio.Kanaly Trust Co reduced its stake in OKE by selling 206 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 32,600 shares of OKE which is valued at $1,032,442. ONEOK makes up approx 0.21% of Kanaly Trust Co’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in OKE in the latest quarter, The investment management firm added 4,219 additional shares and now holds a total of 51,127 shares of ONEOK which is valued at $1,619,192. ONEOK makes up approx 0.04% of Exxonmobil Investment Management Inc Tx’s portfolio.Central Trust Co reduced its stake in OKE by selling 356 shares or 5.45% in the most recent quarter. The Hedge Fund company now holds 6,182 shares of OKE which is valued at $195,784. ONEOK makes up approx 0.02% of Central Trust Co’s portfolio. Hollencrest Securities sold out all of its stake in OKE during the most recent quarter. The investment firm sold 14,433 shares of OKE which is valued $433,712.
On the company’s financial health, ONEOK reported $0.45 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 22, 2016. Analyst had a consensus of $0.48.Analysts expectations of $ 2202.54.During the same quarter in the previous year, the company posted $0.35 EPS.
Many Wall Street Analysts have commented on ONEOK. Shares were Downgraded by Robert W. Baird on Feb 8, 2016 to ” Neutral” and Lowered the Price Target to $ 24 from a previous price target of $28 .ONEOK was Downgraded by Oppenheimer to ” Perform” on Jan 22, 2016. ONEOK was Upgraded by Morgan Stanley to ” Overweight” on Jan 20, 2016.
ONEOK Inc. is the sole general partner of ONEOK Partners L.P. (ONEOK Partners) a master limited partnership engaged in the gathering processing storage and transportation of natural gas in the United States. The Company operates through three segments: Natural Gas Gathering and Processing Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather fractionate treat and distribute natural gas liquids (NGLs) and store NGL products primarily in Oklahoma Kansas Texas New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.